Sonoco Nailed Wood and Plywood Reels See Surcharge

By Bill Esler | Posted: 12/17/2012 10:52PM

 

  Sonoco wood reels, nailed plywood reels HARTSVILLE, SC - Sonoco (NYSE: SON) says increased lumber and plywood costs are leading it  to raise surcharges to 13.4% on its nailed wood reels and 8.8% for plywood reels, beginning Jan. 1, 2013. 

"Lumber and plywood pricing continue to rise against traditional downward trends normally seen in the late fall and winter," said Greg Powell, general manager, Sonoco Reels, in announcing the hike. Powell said lumber prices have increased for six consecutive weeks, reaching a new high. Plywood pricing has continued to rise due to tightening supply and improving demand as housing recovers.

"As a result, we must adjust our reel surcharges accordingly," Powell said. Sonoco Reel last raised prices in June.

Sonoco Reels made from nailed wood, plywood, poly-fibers, molded plastic and steel materials. are used by the wire and cable industry to serve the power transmission and distribution; telecommunications; commercial and industrial building; oil and gas; mining and marine industries.

 

About the Author

Bill Esler woodworkingnetwork.com

Bill Esler

Bill Esler, Associate Publisher/ Editor in Chief, Woodworking Network Bill is responsible for editing Custom Woodworking Business and coordinating content for Wood Products , CLOSETS , WoodworkingNetwork.com, and related newsletters. Bill’s expertise includes using innovative print manufacturing techniques to grow audience engagement, digital printing, purls, QR codes; and lead-generating webcasts, custom websites, and custom digital and print content. Read Bill Esler's woodworking blogs. He can be reached at besler@woodworkingnetwork.com or follow him on Google+.

Comments (0) Leave a comment 

Name
e-Mail (required)
Location

Comment:

characters left

 

View all events >
AUG
11

Woodturning Cruise

Stavanger
AUG
25

4-Day Lumber Grading Workshop

Millersburg , OH
Search our database for woodworking equipment, supplies and services:

Select a category:


Feedback Form
Feedback Form